Palo Alto Networks Inc (NASDAQ:PANW) traded at $343.68 at last check on current trade day and made a downward move of -3.21% on its previous day’s price.
Looking at the stock we see that its previous close was $355.07 and the beta (5Y monthly) reads 1.132 with the day’s price range being $338.09 – $348.04. The company has a trailing 12-month PE ratio of 47.48. In terms of its 52-week price range, PANW has a high of $380.84 and a low of $224.64. The company’s stock has gained about 16.83% over that past 30 days.
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Palo Alto Networks Inc has a market cap of $111.29 billion and is expected to release its quarterly earnings report on 2024-Nov-13. Estimates by analysts give the company expected earnings per share (EPS) of 1.48, with the EPS growth for the year raised at 6.27 for current year and 6.27 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.12B, with a low of 2.11B and a high of 2.13B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 9.13B, or 13.70% up from figures reported last year.
On the other hand, looking at the outlook for the PANW stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 36 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Palo Alto Networks Inc (PANW) stock as a Hold, while 28 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PANW stock currently stands at 2.78, and the most recent price level today is 0.61% off its SMA20 and 2.86% from its 50-day simple moving average. The RSI (14) is pointing at 51.13 while the volatility over the past week is 2.82% and jumps to 3.24% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 11.64. The average price target for the stock over the next 12 months is $344, with the estimates having a low of $146.66666666666666 and a high of $415. These price ends are 57.32% and -20.75% off the today’s price level respectively, although investors could be excited at the prospect of a -0.09% if the PANW share price touches on the median price of $344.
Coming back to Palo Alto Networks Inc (NASDAQ:PANW), we note that the average 3-month trading volume was 3.08 million, while that of the preceding 10-day period stands at 3.96 million. Current shares outstanding are 323.80 million.
The insiders hold 1.17% of the company’s shares while institutions hold 78.37%. The data shows that short shares as of 2024-08-15, stood at 11.73 million at a short ratio of 4.31. This represents a 365.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 11.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 16.55% up in year-to-date price movement.
